Sharing the Wealth
Wednesday, May 16, 2012
Many countries will begin imposing huge taxes on mining company profits in a bid to raise greater revenues from the natural resources sector. The taxes are also aimed at spreading the wealth across the countries populations.
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Australians know how important the mining industry is, but they also know that we can only dig up and sell the resources once," Australian Prime Minister Julia Gillard had said in March, whilst defending a controversial tax on the countrys mining industry after it was passed into law. She had stated then that the benefits would be spread to all Australians. The piece of legislation imposes a 30 percent tax on the extraordinary profits of coal and
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